Legal Aspects of Business

Question A Potential Liability for Negligent Misstatement According to Christensen, Duncan, and Walsh (2014), liability for negligence arises in cases where a duty of care owed to an individual is breached and a loss incurred or caused to the person as a result of the said breach. While there are various categories of negligence, liabilityRead more about Legal Aspects of Business[…]

COMPARATIVE STUDY OF THE LENDING POLICIES IN ISLAMIC AND NON-ISLAMIC BANKS AND THEIR CONTRIBUTION TO GLOBAL FINANCIAL CRISES

Abstract One of the most common features characterizing all aspects and elements across all industries and sectors is the acute dynamism culminating into advancements across all the industrial sectors in the world. One vital sector in the global economy is definitely the banking and finance sector. In this research, efforts will be made to evaluateRead more about COMPARATIVE STUDY OF THE LENDING POLICIES IN ISLAMIC AND NON-ISLAMIC BANKS AND THEIR CONTRIBUTION TO GLOBAL FINANCIAL CRISES[…]

Differences between Financial Reporting and Managerial Accounting Information

Financial Reporting (FR) involves the analysis and interpretation of financial statements to reveal the financial position of a business over a given period. It helps to determine the overall performance of the organization, its efficiency in resource utilization, solvency and weaknesses (Mitra, 2009, 12). Management Accounting (MA) on the other end of the spectrum entailsRead more about Differences between Financial Reporting and Managerial Accounting Information[…]

NEGATIVE NET EQUITY

Negative equity generally occurs when the value of an asset used to secure a loan falls below the outstanding balance on the loan. From a financial analysis perspective, a firm is said to have a negative net equity when the value of its liabilities is greater than that of its assets. In this case, itRead more about NEGATIVE NET EQUITY[…]

Activity Based Costing

Unlike the first cost allocation criterion, activity based costing uses a number of cost pools, organized by activity, to allocate the overhead costs (Hirsch, 2006; Cokins, 2001). The main aim of this type of costing is to allocate costs to each cabinet based on their individual use of the costly activities (Heisinger, 2008). Activity based costingRead more about Activity Based Costing[…]